WE have this week added the news of a housing, pension and care crises. The reform of capitalism is urgent, property values are destroying the people’s lives, we were told in the sixties by the end of the century we would have so much time on our hands, that has come and gone, and we are working all hours to stand still, so what’s the answer?
May I invite you to consider the following and let me know your response, I am on a number of housing groups and attend the house of commons every six weeks with the defend council housing campaign,
1 rent all development land at £1,000 per acre per annum.
2 create Land Community Trust to build houses for £80,000-£90,000,
3 allow people to buy them at cost plus £100 annual ground rent,
4 build houses with two kitchens so grandchildren could look after grandparent with just a door apart,
5 set up a pension trust that you pay into after your house is paid for, the capital can only be drawn after your 65th birthday, any surplus capital could be transferred to another family trust fund,
6 the pensions trust income could be responsible for building the trust houses adding 8 percent interest to the family trust plan, this capital would be added to the housing cost. For example if the trust had £100,000 available they would be responsible for £8,000 interest this would mean £4,000 added to a house purchase price as the original capital would build two houses in a year.
7 affordable care homes could be provided by the trust under the land rental scheme, surplus capital in council’s reserves could finance this.
8 owners of land would either accept the rental or may choose to have a 50 year lease; otherwise a compulsory purchase order would be put on the land,
9 a new layout and design is required for new developments, stop building what appear to be concentration camps?
May I invite you to visit www.campaign-for-change.co.uk for more information?
L V Keeley, Herstmonceux